Hudson Pacific Properties (NYSE:HPP) Shares Gap Down – Here’s What Happened

Hudson Pacific Properties, Inc. (NYSE:HPP) shares gapped down before the market opened on Tuesday . The stock had previously closed at $15.15, but opened at $14.37. Hudson Pacific Properties shares last traded at $14.8850, with a volume of 66,692 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HPP. Bank of America reissued an “underperform” rating and issued a $14.00 price target on shares of Hudson Pacific Properties in a report on Tuesday. Wall Street Zen cut Hudson Pacific Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wells Fargo & Company boosted their price target on Hudson Pacific Properties from $13.50 to $14.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Morgan Stanley cut their price target on Hudson Pacific Properties from $8.00 to $5.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Finally, Cantor Fitzgerald cut their price target on Hudson Pacific Properties from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Hudson Pacific Properties has an average rating of “Hold” and a consensus target price of $13.48.

Hudson Pacific Properties Price Performance

The stock has a market capitalization of $792.66 million, a PE ratio of -1.45, a PEG ratio of 1.23 and a beta of 1.94. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.28. The company’s 50 day simple moving average is $10.42 and its 200 day simple moving average is $9.47.

Hudson Pacific Properties (NYSE:HPP) last released its earnings results on Thursday, May 7th. The real estate investment trust reported ($0.82) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.10. The firm had revenue of $181.85 million during the quarter, compared to analysts’ expectations of $175.12 million. Hudson Pacific Properties had a negative net margin of 67.89% and a negative return on equity of 19.05%. Hudson Pacific Properties has set its FY 2026 guidance at 1.100-1.180 EPS. On average, equities analysts anticipate that Hudson Pacific Properties, Inc. will post 1.06 earnings per share for the current year.

Institutional Trading of Hudson Pacific Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Resona Asset Management Co. Ltd. grew its stake in Hudson Pacific Properties by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 24,670 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,918 shares during the period. Cetera Investment Advisers grew its stake in Hudson Pacific Properties by 18.0% in the 1st quarter. Cetera Investment Advisers now owns 16,317 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 2,485 shares during the period. Sanctuary Advisors LLC grew its stake in Hudson Pacific Properties by 29.3% in the 1st quarter. Sanctuary Advisors LLC now owns 15,075 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 3,414 shares during the period. Xponance Inc. grew its stake in Hudson Pacific Properties by 19.9% in the 3rd quarter. Xponance Inc. now owns 29,100 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 4,821 shares during the period. Finally, Pensionfund Sabic purchased a new stake in Hudson Pacific Properties in the 4th quarter worth approximately $59,000. 97.58% of the stock is owned by hedge funds and other institutional investors.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a self-managed real estate investment trust focused on the acquisition, development and management of high-quality office and studio properties. The company’s portfolio spans strategic West Coast markets in the United States and key markets in Canada, providing space for technology, media and creative companies as well as major film and television producers. As an owner and operator of both traditional office buildings and specialized production facilities, Hudson Pacific seeks to deliver stable income through long-term leases and strategic property enhancements.

In its office segment, Hudson Pacific targets markets with strong job growth and limited supply, including Los Angeles, Silicon Valley, San Diego and Seattle, as well as Vancouver, British Columbia.